ThomsonReuters

MAY 10, 2022

What is Superfund? Who is affected by Superfund and what are their challenges? The newly reinstated excise tax compliance obligations can be expected to affect multiple functional areas of a company including Procurement, Finance, Tax, Environmental Regulatory Departments, and Information Technology. Impact on cashflow (i.e.,

Compliance 98

Compliance Treasury Technology Finance 98

Audit Board

NOVEMBER 8, 2023

To meet the PCI DSS standards, companies need to understand their unique compliance requirements, their payment applications, payment processing workflows, and the system components and sensitive data that makes up their CDE. What Does it Mean to Be PCI Compliant?

Compliance 52

Compliance Start-ups Banking Technology 52

Audit Board

AUGUST 9, 2023

While issues management often begins in silos like InfoSec, internal audit, and SOX, a mature issues identification and reporting structure follows a risk-based approach by connecting issues back to the organization’s risks. To accomplish this, it is necessary to establish common and shared elements of issues management across departments.

Compliance 52

Compliance Technology 52

ThomsonReuters

APRIL 30, 2024

This is true in accounting, where knowledge of tax laws and compliance is paramount. The evolution of client service in accounting firms Traditionally, accounting firms have operated on a transactional basis, providing yearly services primarily focused on compliance and reporting requirements.

Accounting Firms 52

Accounting Firms Compliance Technology Data Analysis 52

Audit Board

MARCH 22, 2022

What Is Mandated by the UK ESG Legislation? . The company’s governance strategy for assessing and managing environmental risk that takes into account different environmental outcomes. The process used to identify, assess, and manage environmental risks. What Role Do Assurance Teams Play in ESG Reporting?

Compliance 105

Compliance Technology 105

ThomsonReuters

FEBRUARY 13, 2024

At a recent Thomson Reuters event, Liz Connell, Senior Director of Product Management at ONESOURCE Global Trade , discussed why AI is relevant to global trade and how it can be applied effectively. So it’s important to understand what it is, and how it can help companies that engage in global trade. That is asking so much.

Compliance 52

Compliance Technology 52

ThomsonReuters

JUNE 9, 2023

In today’s rapidly changing business environment, firms need to stay on top of their audit compliance. By following these steps, your firm will have a smoother audit process with fewer compliance issues — resulting in greater profitability. How do you ensure audit compliance? compatible.

Compliance 98

Compliance Technology 98

ThomsonReuters

JANUARY 30, 2024

Multinational corporations (MNCs) need to be prepared when these regulatory changes go into effect, but the path to compliance isn’t exactly straight—in fact, it’s more like a confusing zig-zag of government regulations, technical specifications, uncertain timelines, and lack of communication. What’s a tax director to do?

Compliance 52

Compliance 52

Harvard Corporate Governance

APRIL 30, 2023

As a result, corporate culture may be strained as employees no longer meet regularly at the office, see management face-to-face or engage with each other in person. This post is based on their PwC memorandum. In the current environment, companies have to work harder than ever to earn trust among their core constituents. 5 from the No.

Start-ups 189

Start-ups Compliance Technology 189

ThomsonReuters

NOVEMBER 16, 2023

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter.

Compliance 59

Compliance Technology Finance Marketability 59

Audit Board

JANUARY 12, 2023

This is often by design, as the intent is to encourage organizations to build a risk management program that is unique to the type of business being conducted and the type(s) of data being processed. It includes: A process flow for building and manage a cybersecurity risk management program. .

Compliance 97

Compliance Start-ups Asset-based Approach Specific Risk 97

ThomsonReuters

MARCH 28, 2023

Compliance may not be the most glamorous task facing indirect tax (IDT) teams, but the rapid pace of change in global regulations and reporting requirements is turning the humble compliance function into a rapid-fire gauntlet of continuous challenges. In the next two years, more than a dozen countries (e.g.,

Compliance 59

Compliance Technology Marketability 59

Audit Board

APRIL 21, 2022

What are the SEC’s public company cybersecurity disclosure proposed rules? The policies and procedures management has in place for cybersecurity risk management. An explanation of management’s role in implementing policies and procedures for cybersecurity risk management. Annual Disclosure.

Compliance 98

Compliance Start-ups Technology Finance 98

ThomsonReuters

JULY 5, 2023

Foreign Trade Zones (FTZs) can help businesses of all kinds reduce or manage inventory, and compete more effectively in the international marketplace. Find out about best practices and how to set up an FTZ in a Thomson Reuters webinar What are the benefits of a Foreign Trade Zone? FTZs are specially designated sites near U.S.

Start-ups 88

Start-ups Technology Compliance 88

Audit Board

AUGUST 1, 2023

The SEC recently adopted their proposed rules, including those regarding Cybersecurity Risk Management on July 26, 2023. The stakes and expectations of an organization’s IT Risk Management capabilities have never been higher – and as we all know, the dollar impacts are real.

Technology 52

Technology Start-ups Compliance Marketability 52

ThomsonReuters

JUNE 28, 2023

Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management. What are the challenges of ESG data collection? However, ESG data can be a challenge to collect, manage, and report on. What are the best practices for ESG data management?

Accounting Firms 98

Accounting Firms Compliance Start-ups Technology 98

Audit Board

JUNE 3, 2022

These risks, however, are also opportunities for growth – to become the ethical, inclusive, and sustainable workplaces that not only manage risk, but proactively increase their stakeholders’ quality of life. Read on to learn more about what an ESG audit entails and our preliminary ESG audit checklist. . What Is an ESG Audit?

Compliance 98

Compliance Start-ups Equity Finance 98

Audit Board

NOVEMBER 1, 2023

When completed in a methodical and well-scoped manner, IT risk assessments can be an extremely valuable tool for many stakeholders across the organization, including enterprise risk, audit, compliance, and security departments. What is IT Risk Management?

Compliance 52

Compliance Technology Dividends Start-ups 52

Audit Board

JULY 20, 2023

Compliance automation is often beneficial for organizations that deal with sensitive data, and it has several benefits that impact security, cost savings, and reporting. As a result, compliance automation is an ideal starting point for implementing automation at your company.

Compliance 52

Compliance Technology 52

ThomsonReuters

MARCH 20, 2024

Calculating sales tax across different retail channels is complex due to various regulations, frequent changes in product data, and outdated systems, especially with increasing sales volume and shrinking budgets. Retail data usually comes from numerous systems of various ages,” he says.

Start-ups 52

Start-ups Technology Compliance 52

ThomsonReuters

NOVEMBER 2, 2023

Multinational companies the world over face an increasingly common problem —namely, they are finding it difficult to hire people with the skills and experience needed to fill many key global trade management positions. Generative AI is set to streamline trade compliance processes by automating tasks like generating trade documents.

Compliance 52

Compliance Technology Marketability 52

Audit Board

APRIL 27, 2023

Objectively evaluating risks, analyzing and assessing processes and systems for efficiencies, doing spot-checks for as-yet-unknown issues, and keeping departments aligned and meeting business objectives are all important ways that auditors can bring value. What Is Internal Auditing ?

Compliance 52

Compliance Start-ups Technology Finance 52

ThomsonReuters

MARCH 8, 2024

For example, if you have a number of successful relationships with attorneys and financial advisors, consider expanding into legal practice management or wealth management. When it comes to changing pre-established practices in your firm, the logistics can feel like a moving target.

Technology 96

Technology Accounting Firms Compliance 96

ThomsonReuters

JANUARY 31, 2022

The WCO updates the Harmonized Commodity Description and Coding System, commonly known as the Harmonized System (HS) , every five years. Although the expected changes are disruptive, they are typically manageable. The costs of global trade non-compliance. 1, 2022, had global repercussions.

Compliance 98

Compliance Technology Marketability 98

Audit Board

SEPTEMBER 15, 2022

What steps should you take when choosing your operating model? For more guidance: Deloitte’s A Practical Approach to SOX Readiness offers a pragmatic look at the people, process, and technology aspects of the road to SOX compliance, including pitfalls to avoid. Your organization’s SOX operating model is the core of your SOX program.

Compliance 52

Compliance Technology 52

Internal Audit 360

JULY 20, 2022

So, what is the potential effect of a breach on the achievement of the enterprise’s objectives? In fact, the first step in any audit should be to determine whether management knows the answer! It’s a business risk. That is easy to say, and it makes all the sense in the world. Advice for Auditors on Cyber-risk.

Compliance 98

Compliance Start-ups Technology 98

RNC

DECEMBER 11, 2023

TDR in real estate, like any intricate system, comes with its own set of challenges. Zoning laws, density limits, and other legal issues can create a maze of complications that necessitate substantial knowledge to maintain compliance. first appeared on RNC.

Compliance 52

Compliance Banking Marketability Intangible Assets 52

ThomsonReuters

JUNE 28, 2022

what the return on technology investment (ROI) is going to be. In order to evaluate the benefits, costs, and risks of a ONESOURCE Indirect Tax investment, Forrester conducted extensive interviews with seven ONESOURCE indirect tax customers, all of whom had transitioned from legacy tax systems. 5 billion per year in annual revenue.

Compliance 90

Compliance Technology Start-ups Marketability 90

Reynolds Holding

MARCH 28, 2024

Corporate boards will be called upon to renew their oversight of corporate compliance following the recent announcement of several new corporate fraud enforcement initiatives by the U.S. Department of Justice (DOJ). DOJ’s new whistleblower program is thus intended to fill the gaps within the patchwork of existing whistleblower programs.

Compliance 59

Compliance Technology Marketability 59

Audit Board

AUGUST 15, 2023

Risk management frameworks can only specify controls and objectives, but it’s risk itself that should drive the development of controls and objectives. Getting Started: Know the Business Taking a risk-based approach to compliance starts with knowing the business. Learn what leaders are thinking.

Compliance 52

Compliance Start-ups Technology Marketability 52

Viking Mergers

MARCH 8, 2023

What Kind of Issues Might Scare Away Buyers? First, let’s cover what constitutes a “major issue” that could potentially scare away buyers. The best way to ensure a smooth business sale is to anticipate potential business deal breakers or deal killers and address them before it is time to close the deal.

Comps 130

Comps Compliance Banking Finance 130

Internal Audit 360

OCTOBER 11, 2022

The first time I heard it came when I was an internal audit manager for a financial institution. Years later, when I was leading the internal audit team at Tosco, one of the IT managers told me I couldn’t audit their very old financial system. I was able to get her to give us a chance. It’s just too complicated,” he said.

Compliance 98

Compliance Marketability 98

Audit Board

SEPTEMBER 14, 2023

The importance of robust vendor risk management, or “VRM”, practices has been illustrated by a number of cyberattacks and data breaches that have originated from vendors and gone on to significantly impact the organizations using their services. What is Vendor Risk? What Types of Vendor Risk are There?

Compliance 52

Compliance Start-ups Accounting Firms Technology 52

Reynolds Holding

MAY 7, 2023

Contrary to what many believe, instead of strengthened, the BJR is weakened in correlation to the growth of ESG-related positive legal norms. Where the law determines managers’ decisions, directors must abstain from what otherwise might have been their course of action when considering the demands of business.

Compliance 72

Compliance 72

ThomsonReuters

NOVEMBER 8, 2022

The ability to unleash your firm’s true potential and focus in on what matters most: analyzing data, advising clients, and?uncovering Start with an end-to-end review of your current processes, systems, and data. Take look at how tasks are handed off—whether it’s from person to person, person to system, or from system to system.

Start-ups 105

Start-ups Technology Accounting Firms Compliance 105

ThomsonReuters

MAY 27, 2022

For those with small supply chains, keeping up with the changes may be nothing more than a manageable headache. While useful, these actions carry a heavy burden on supply chain staff, there’s an increased rate of error, and compliance costs as well as penalties for noncompliance are high.

Compliance 93

Compliance eCommerce Start-ups Technology 93

ThomsonReuters

JULY 6, 2023

But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients? Let’s take a look at the basics. What is accounting advisory? Watch now >> What is the difference between accounting advisory and consulting?

Start-ups 88

Start-ups Compliance Accounting Firms Technology 88